Countries with small amounts of capital per worker tend to have ________ levels of real GDP per person and ________ levels of average labor productivity.
A. high; high
B. low; average
C. low; low
D. high; low
Answer: C
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Economists assume that individuals make informed decisions and act in their own self-interest
Indicate whether the statement is true or false
In a simple economy without government or foreign trade, any income not consumed is called
A) net investment. B) depreciation. C) saving. D) investment.
Tax cuts associated with supply-side economics often lead to increased
a. federal budget surpluses. b. federal budget deficits. c. foreign trade surpluses. d. government spending.
Which of the following is not part of the process of creating an internal job structure?
A. Collect and summarize work content information B. Determine what to value C. Quantify the relative value D. Assess the cost of the product or service